Tuesday 28 August 2012

MIDEAST STOCKS-Kuwait rallies as volumes pick up; Gulf mkts dip - Yahoo! News Maktoob

Kuwait's bourse rallied on Tuesday and volumes spiked to their highest in nearly four months as retail investor confidence returned, while profit-taking weighed on most other Gulf bourses.
Kuwait's measure finished 0.9 percent higher, rising for an eighth session in the last nine.
Buying momentum has returned but mainly in smaller caps, as retail traders shelve political woes and sentiment improves after nearly all companies report quarterly earnings by the August 16 deadline.

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